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RGB protocol Bitlight Labs completes $9.6 million Pre-A Series Financing, led by Amber Group and Fundamental Labs

Source: PANews
PANews reported on September 19 that Bitlight Labs announced the completion of a $9.6 million Pre-A round of financing, led by Amber Group and Fundamental Labs. Other participants include UOB Venture Management, Signum Capital, ArkStream Capital, Side Door VC, Outliers Fund, Taisu Ventures, HV Capital, SuDo Research and Gate Ventures. The financing will be used to develop production-level integration based on RGB protocol and Lightning Network, aiming to build a Bitcoin native stablecoin low-fee settlement system, serving wallets and merchant ecosystems. Bitlight Labs said it will continue to promote the intelligent development of Bitcoin, Lightning Network and RGB protocols.
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